8-K 1 d346882.txt DEUTSCHE ALT-A SECURITIES, INC. ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2005 DEUTSCHE ALT-A SECURITIES, INC. (as depositor under the Pooling and Servicing Agreement, dated as of February 1, 2005, providing for the issuance of Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-2, Mortgage Pass-Through Certificates) Deutsche Alt-A Securities, Inc. ------------------------------- (Exact name of registrant as specified in its charter) -------------------------------------------------------------------------------- Delaware 333-100676 35-2184183 -------- ---------- ---------- (State or Other (Commission File (I.R.S. Employer Jurisdiction Number) Identification of Incorporation) Number) 60 Wall Street New York, NY 10005 --------------------- ---------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code: (212) 250-7010. ================================================================================ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.01 Completion of Acquisition or Disposition of Assets -------------------------------------------------- Description of the Certificates and the Mortgage Pool On February 28, 2005, a series of certificates, entitled Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-2, Mortgage Pass-Through Certificates (the "Certificates"), were issued pursuant to a pooling and servicing agreement, dated as of February 1, 2005 (the "Agreement"), attached hereto as Exhibit 4.1, among Deutsche Alt-A Securities, Inc. as depositor (the "Depositor"), Wells Fargo Bank, N.A. as master servicer and securities administrator (the "Master Servicer") and HSBC Bank USA, National Association as trustee (the "Trustee"). The Certificates consist of seventeen classes of certificates (collectively, the "Certificates"), designated as the "Class I-A-1 Certificates", "Class I-A-2 Certificates", "Class I-A-3 Certificates", "Class I-A-4 Certificates", "Class I-A-5 Certificates", "Class I-A-6 Certificates", "Class I-A-7 Certificates", "Class II-A-1 Certificates", "Class II-A-2 Certificates", "Class II-A-3 Certificates", "Class R Certificates", "Class M Certificates", "Class B-1 Certificates", "Class B-2 Certificates", "Class B-3 Certificates", "Class B-4 Certificates" and "Class B-5 Certificates". The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting of a pool of mortgage loans (the "Mortgage Pool'") of conventional, one- to four- family, first lien, fixed-rate mortgage loans having original terms to maturity up to 30 years (the "Mortgage Loans"). The Mortgage Pool consists of Mortgage Loans having an aggregate principal balance of approximately $577,670,404 as of February 1, 2005 (the "Cut-off Date"). The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated February 28, 2005, between DB Structured Products, Inc. as seller and the Depositor (the "Mortgage Loan Purchase Agreement"). The Class I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-4 Certificates, Class I-A-5 Certificates, Class I-A-6 Certificates, Class I-A-7 Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class R Certificates, Class M Certificates, Class B-1 Certificates and Class B-2 Certificates were sold by Depositor pursuant to the Underwriting Agreement, dated August 1, 2003, between the Depositor and Deutsche Bank Securities Inc., and the Terms Agreement, dated February 28, 2005 between the Depositor and Deutsche Bank Securities Inc. (collectively, the "Underwriting Agreement"). The Certificates have the following initial Certificate Balances and Pass-Through Rates:

~~DEUTSCHE~~Initial ~~ALT-A~~aggregate ~~SECURITIES~~Certificate ~~INC~~Class ~~Mortgage~~Designation ~~Pass-Through~~Principal ~~Certificates~~Balance ~~Record~~Initial ~~Date: 4/29/2005 Distribution Date: 5/25/2005 DEUTSCHE ALT-A SECURITIES INC Mortgage~~ Pass-Through ~~Certificates~~Rate ~~Series 2005-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone:~~ (~~301~~2) ~~815~~-~~6600~~---------------- ~~Fax: (301) 815~~-~~6660~~---------------- ~~Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass~~-~~Through~~---------------------------- ~~Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution~~ I-A-1 ~~251510DH3~~$ ~~SEN 3.42000% 203~~210,~~956~~000,~~128.36~~000 ~~581,274.97~~One-Month ~~4,965,792~~LIBOR + 0.7740% I-A-2 ~~251510DJ9~~$ ~~SEN~~210,000,000 (1) 2.~~51728~~9447% ~~0.00 427,801.69 0.00~~ I-A-3 ~~251510DK6~~$ ~~SEN 3.37000% 72~~75,~~841~~000,~~474.41~~000 ~~204,563.14~~One-Month ~~1,773,497~~LIBOR + 0.4235% I-A-4 ~~251510DL4~~$ ~~SEN~~75,000,000 (1) 2.~~56728~~9947% ~~0.00 155,821.38 0.00~~ I-A-5 ~~251510DM2~~$ ~~SEN 3.52000% 107~~110,~~096~~269,~~100.42~~700 ~~314,148.56~~One-Month ~~2,607,507~~LIBOR + 0.0450% I-A-6 ~~251510DN0~~$ ~~SEN~~110,269,700 (1) 2.~~41728~~8447% ~~0.00 215,711.34 0.00~~ I-A-7 ~~251510DP5~~$ ~~SEN 5.93728%~~ 98,817,000~~.00~~ ~~488,898~~5.919447% ~~0.00~~ II-A-1 ~~251510DQ3~~$ ~~SEN 3.32000% 40~~41,~~289~~217,~~039.28~~800 ~~111,466.34~~One-Month ~~437,126~~LIBOR + 0.5330% II-A-2 ~~251510DR1~~$ ~~SEN~~41,217,800 (1) 2.~~03310~~4532% ~~0.00 68,259.83 0.00~~ II-A-3 ~~251510DS9~~$ ~~SEN 5.35310%~~ 10,305,000~~.00~~ ~~45,969.78 0.00 M 251510DU4 SUB~~ 5.~~88237~~3532% ~~13,542,248.11~~R ~~66,381.14~~$ ~~16,660~~100.2500 ~~B-1 251510DV2 SUB~~ 5.~~88237~~3532% ~~6,627,025.75~~M ~~32,484.14~~$ 813,~~152.85~~575,300 ~~B-2 251510DW0 SUB~~ 5.~~88237~~8888% ~~3,745,757.92 18,361.63 4,608.19~~ B-31 ~~251510DX8~~$ ~~SUB 5.88237% 2~~6,~~305~~643,~~074.12~~200 ~~11,299.43 2,835.80 B-4 251510DY6 SUB~~ 5.~~88237~~8888% ~~2,016,877.51 9,886.69 2,481.25~~ B-52 ~~251510DZ3~~$ ~~SUB 5.88237%~~ 3,~~745~~754,~~761.74~~900 ~~18,361.65 4,608.20 R 251510DT7 SEN~~ 5.~~35365~~8888% ~~0.00 0.00 0.00 Totals 565,287,487.62 2,770,690.62 9,823,270.30~~

(1) Principal balance reflected is notional. (2) The pass-through rates for the Class I-A-1, Class I-A-3 and Class I-A-5 Certificates are subject to the weighted average of the net mortgage rates of the Group I Mortgage Loans as described in this prospectus supplement. The Class I-A-1, Class I-A-3 and Class I-A-5 Certificates will have the benefit of three separate cap agreements. The pass-through rate for the Class II-A-1 Certificates is subject to the weighted average of the net mortgage rates of the Group II Mortgage Loans as described in this prospectus supplement. The Class II-A-1 Certificates will have the benefit of a cap agreement. The Certificates, other than the Class B-3, Class B-4 and Class B-5 Certificates, and the Mortgage Loans are more particularly described in the Prospectus Supplement, dated February 25, 2005 (the "Prospectus Supplement"), and the Prospectus, dated January 28, 2005, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class B-3, Class B-4 and Class B-5 Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement. Item 9.01 Financial Statements and Exhibits --------------------------------- (a) Not applicable (b) Not applicable (c) Exhibits

~~Certificateholder~~Exhibit ~~Distribution~~No. ~~Summary~~Description ~~(continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I~~-A-~~1 0.00 198,990,335.59 5,547,067.74 0.00 I~~-A-~~2 0.00 0.00 427,801.69 0.00 I~~-A-~~3 0.00 71,067,977.00 1,978,060.56 0.00 I~~-A-~~4 0.00 0.00 155,821.38 0.00 I~~-A-5- ~~0.00 104,488,593.37 2,921,655.60 0.00 I~~-A-~~6 0.00 0.00 215,711.34 0.00 I~~-A-~~7 0.00 98,817,000.00 488,898.91 0.00 II~~-A-~~1 0.00 39,851,912.75 548,592.87 0.00 II~~-A-~~2 0.00 0.00 68,259.83 0.00 II~~-A-3- 04.001 ~~10,305,000.00~~Pooling ~~45,969.78~~and ~~0.00~~Servicing ~~M 0.00 13~~Agreement,~~525,587.86~~ ~~83,041.39~~dated ~~0.00~~as ~~B-1~~of ~~0.00~~February 61,~~618,872.90~~ 402005,~~636.99~~ ~~0.00~~by ~~B-2~~and ~~0.00~~among ~~3,741,149.72~~Deutsche ~~22,969.82 0.00 B~~Alt-3A ~~0.00 2~~Securities,~~302,238.32~~ ~~14,135~~Inc.23, ~~0.00~~as ~~B-4~~Depositor, ~~0.00~~Wells ~~2,014,396.26~~Fargo 12Bank,~~367.94~~ 0N.~~00 B-5 0~~A.~~00 3~~,~~741,153.54~~ ~~22,969.85~~as ~~0.00~~Master RServicer ~~0.00~~and ~~0.00~~Securities ~~0.00~~Administrator ~~0.00~~and ~~Totals~~HSBC ~~0.00~~Bank ~~555~~USA,~~464,217.31~~ 12National Association,~~593,960.92~~ ~~0.00~~as ~~All~~Trustee ~~distributions~~relating ~~required~~to by the ~~Pooling~~Series ~~and~~2005-2 ~~Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee~~Certificates.

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: June 15, 2005 DEUTSCHE ALT-A SECURITIES, INC. By: /s/ Michael Commaroto ------------------------- Name: Michael Commaroto Title: President By: /s/ Susan Valenti ------------------------- Name: Susan Valenti Title: Vice-President Index to Exhibits -----------------

~~Principal~~Sequentially ~~Distribution~~Exhibit ~~Statement~~No. ~~Original~~Description ~~Beginning~~Numbered ~~Scheduled~~Page ~~Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I~~-A-~~1 210,000,000.00 203,956,128.36 252,694.46 4,713,098.31 0.00 0.00 I~~-A-~~2 0.00 0.00 0.00 0.00 0.00 0.00 I~~-A-~~3 75,000,000.00 72,841,474.41 90,248.02 1,683,249.40 0.00 0.00 I~~-A-~~4 0.00 0.00 0.00 0.00 0.00 0.00 I~~-A-5- ~~110,269,700.00 107,096,100.42 132,688.30 2,474,818.75 0.00 0.00 I~~-A-~~6 0.00 0.00 0.00 0.00 0.00 0.00 I~~-A-~~7 98,817,000.00 98,817,000.00 0.00 0.00 0.00 0.00 II~~-A-~~1 41,217,800.00 40,289,039.28 181,680.75 255,445.78 0.00 0.00 II~~-A-2--- ~~0.00 0.00 0.00 0.00 0.00 0.00 II~~-A-3----------- ~~10,305,000~~4.001 ~~10,305,000.00~~Pooling ~~0.00~~and ~~0.00~~Servicing ~~0.00 0.00 M 13~~Agreement,~~575,300.00~~ ~~13,542,248.11~~dated ~~16,660.25~~as ~~0.00~~of ~~0.00~~February ~~0.00 B-~~1 6,~~643,200.00~~ ~~6,627,025.75~~ 8~~,152.85~~ ~~0.00 0.00 0.00 B-2 3~~2005,~~754,900.00~~ ~~3,745,757.92~~by ~~4,608.19~~and ~~0.00~~among ~~0.00~~Deutsche ~~0.00 B~~Alt-3A 2Securities,~~310,700.00~~ ~~2,305,074~~Inc.~~12 2~~,~~835.80~~ ~~0.00~~as ~~0.00~~Depositor, ~~0.00~~Wells ~~B-4~~Fargo 2Bank,~~021,800.00~~ ~~2,016,877~~N.~~51 2,481~~A.~~25 0.00 0.00 0.00 B-5 3~~,~~754,903.00~~ ~~3,745,761.74~~as ~~4,608.20~~Master ~~0.00~~Servicer ~~0.00~~and ~~0.00~~Securities RAdministrator ~~100.00~~and ~~0.00~~HSBC ~~0.00~~Bank ~~0.00 0.00 0.00 Totals 577~~USA,~~670,403.00~~ ~~565,287,487.62~~National ~~696~~Association,~~658.07~~ ~~9,126,612.24~~as ~~0.00~~Trustee ~~0.00~~relating ~~(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer~~ to the ~~Prospectus~~Series ~~Supplement~~2005-2 ~~for a Full Description~~Certificates.

EXHIBIT 4.1

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 4,965,792.77 198,990,335.59 0.94757303 4,965,792.77 I-A-2 0.00 0.00 0.00000000 0.00 I-A-3 1,773,497.42 71,067,977.00 0.94757303 1,773,497.42 I-A-4 0.00 0.00 0.00000000 0.00 I-A-5 2,607,507.04 104,488,593.37 0.94757303 2,607,507.04 I-A-6 0.00 0.00 0.00000000 0.00 I-A-7 0.00 98,817,000.00 1.00000000 0.00 II-A-1 437,126.53 39,851,912.75 0.96686171 437,126.53 II-A-2 0.00 0.00 0.00000000 0.00 II-A-3 0.00 10,305,000.00 1.00000000 0.00 M 16,660.25 13,525,587.86 0.99633804 16,660.25 B-1 8,152.85 6,618,872.90 0.99633804 8,152.85 B-2 4,608.19 3,741,149.72 0.99633804 4,608.19 B-3 2,835.80 2,302,238.32 0.99633804 2,835.80 B-4 2,481.25 2,014,396.26 0.99633805 2,481.25 B-5 4,608.20 3,741,153.54 0.99633826 4,608.20 R 0.00 0.00 0.00000000 0.00 Totals 9,823,270.30 555,464,217.31 0.96155907 9,823,270.30

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 210,000,000.00 971.21965886 1.20330695 22.44332529 0.00000000 I-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 75,000,000.00 971.21965880 1.20330693 22.44332533 0.00000000 I-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 110,269,700.00 971.21965889 1.20330698 22.44332532 0.00000000 I-A-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-7 98,817,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 41,217,800.00 977.46699921 4.40782259 6.19746275 0.00000000 II-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 10,305,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M 13,575,300.00 997.56529211 1.22724728 0.00000000 0.00000000 B-1 6,643,200.00 997.56529233 1.22724741 0.00000000 0.00000000 B-2 3,754,900.00 997.56529335 1.22724706 0.00000000 0.00000000 B-3 2,310,700.00 997.56529190 1.22724715 0.00000000 0.00000000 B-4 2,021,800.00 997.56529330 1.22724800 0.00000000 0.00000000 B-5 3,754,903.00 997.56551368 1.22724875 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes Are Per $1000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 23.64663224 947.57302662 0.94757303 23.64663224 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 23.64663227 947.57302667 0.94757303 23.64663227 I-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 0.00000000 23.64663221 947.57302659 0.94757303 23.64663221 I-A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-1 0.00000000 10.60528534 966.86171387 0.96686171 10.60528534 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M 0.00000000 1.22724728 996.33804483 0.99633804 1.22724728 B-1 0.00000000 1.22724741 996.33804492 0.99633804 1.22724741 B-2 0.00000000 1.22724706 996.33804362 0.99633804 1.22724706 B-3 0.00000000 1.22724715 996.33804475 0.99633804 1.22724715 B-4 0.00000000 1.22724800 996.33804531 0.99633805 1.22724800 B-5 0.00000000 1.22724875 996.33826493 0.99633826 1.22724875 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 210,000,000.00 3.42000% 203,956,128.36 581,274.97 0.00 0.00 I-A-2 0.00 2.51728% 203,956,128.36 427,801.69 0.00 0.00 I-A-3 75,000,000.00 3.37000% 72,841,474.41 204,563.14 0.00 0.00 I-A-4 0.00 2.56728% 72,841,474.41 155,821.38 0.00 0.00 I-A-5 110,269,700.00 3.52000% 107,096,100.42 314,148.56 0.00 0.00 I-A-6 0.00 2.41728% 107,096,100.42 215,711.34 0.00 0.00 I-A-7 98,817,000.00 5.93728% 98,817,000.00 488,898.91 0.00 0.00 II-A-1 41,217,800.00 3.32000% 40,289,039.28 111,466.34 0.00 0.00 II-A-2 0.00 2.03310% 40,289,039.28 68,259.83 0.00 0.00 II-A-3 10,305,000.00 5.35310% 10,305,000.00 45,969.78 0.00 0.00 M 13,575,300.00 5.88237% 13,542,248.11 66,381.14 0.00 0.00 B-1 6,643,200.00 5.88237% 6,627,025.75 32,484.14 0.00 0.00 B-2 3,754,900.00 5.88237% 3,745,757.92 18,361.63 0.00 0.00 B-3 2,310,700.00 5.88237% 2,305,074.12 11,299.43 0.00 0.00 B-4 2,021,800.00 5.88237% 2,016,877.51 9,886.69 0.00 0.00 B-5 3,754,903.00 5.88237% 3,745,761.74 18,361.65 0.00 0.00 R 100.00 5.35365% 0.00 0.00 0.00 0.00 Totals 577,670,403.00 2,770,690.62 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 0.00 0.00 581,274.97 0.00 198,990,335.59 I-A-2 0.00 0.00 427,801.69 0.00 198,990,335.59 I-A-3 0.00 0.00 204,563.14 0.00 71,067,977.00 I-A-4 0.00 0.00 155,821.38 0.00 71,067,977.00 I-A-5 0.00 0.00 314,148.56 0.00 104,488,593.37 I-A-6 0.00 0.00 215,711.34 0.00 104,488,593.37 I-A-7 0.00 0.00 488,898.91 0.00 98,817,000.00 II-A-1 0.00 0.00 111,466.34 0.00 39,851,912.75 II-A-2 0.00 0.00 68,259.83 0.00 39,851,912.75 II-A-3 0.00 0.00 45,969.78 0.00 10,305,000.00 M 0.00 0.00 66,381.14 0.00 13,525,587.86 B-1 0.00 0.00 32,484.14 0.00 6,618,872.90 B-2 0.00 0.00 18,361.63 0.00 3,741,149.72 B-3 0.00 0.00 11,299.43 0.00 2,302,238.32 B-4 0.00 0.00 9,886.69 0.00 2,014,396.26 B-5 0.00 0.00 18,361.65 0.00 3,741,153.54 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,770,690.62 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 210,000,000.00 3.42000% 971.21965886 2.76797605 0.00000000 0.00000000 I-A-2 0.00 2.51728% 971.21965886 2.03715090 0.00000000 0.00000000 I-A-3 75,000,000.00 3.37000% 971.21965880 2.72750853 0.00000000 0.00000000 I-A-4 0.00 2.56728% 971.21965880 2.07761840 0.00000000 0.00000000 I-A-5 110,269,700.00 3.52000% 971.21965889 2.84891099 0.00000000 0.00000000 I-A-6 0.00 2.41728% 971.21965889 1.95621590 0.00000000 0.00000000 I-A-7 98,817,000.00 5.93728% 1000.00000000 4.94751824 0.00000000 0.00000000 II-A-1 41,217,800.00 3.32000% 977.46699921 2.70432532 0.00000000 0.00000000 II-A-2 0.00 2.03310% 977.46699921 1.65607650 0.00000000 0.00000000 II-A-3 10,305,000.00 5.35310% 1000.00000000 4.46091994 0.00000000 0.00000000 M 13,575,300.00 5.88237% 997.56529211 4.88984700 0.00000000 0.00000000 B-1 6,643,200.00 5.88237% 997.56529233 4.88983321 0.00000000 0.00000000 B-2 3,754,900.00 5.88237% 997.56529335 4.89004501 0.00000000 0.00000000 B-3 2,310,700.00 5.88237% 997.56529190 4.89004631 0.00000000 0.00000000 B-4 2,021,800.00 5.88237% 997.56529330 4.89004353 0.00000000 0.00000000 B-5 3,754,903.00 5.88237% 997.56551368 4.89004643 0.00000000 0.00000000 R 100.00 5.35365% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes Are Per $1000 Denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 2.76797605 0.00000000 947.57302662 I-A-2 0.00000000 0.00000000 2.03715090 0.00000000 947.57302662 I-A-3 0.00000000 0.00000000 2.72750853 0.00000000 947.57302667 I-A-4 0.00000000 0.00000000 2.07761840 0.00000000 947.57302667 I-A-5 0.00000000 0.00000000 2.84891099 0.00000000 947.57302659 I-A-6 0.00000000 0.00000000 1.95621590 0.00000000 947.57302659 I-A-7 0.00000000 0.00000000 4.94751824 0.00000000 1000.00000000 II-A-1 0.00000000 0.00000000 2.70432532 0.00000000 966.86171387 II-A-2 0.00000000 0.00000000 1.65607650 0.00000000 966.86171387 II-A-3 0.00000000 0.00000000 4.46091994 0.00000000 1000.00000000 M 0.00000000 0.00000000 4.88984700 0.00000000 996.33804483 B-1 0.00000000 0.00000000 4.88983321 0.00000000 996.33804492 B-2 0.00000000 0.00000000 4.89004501 0.00000000 996.33804362 B-3 0.00000000 0.00000000 4.89004631 0.00000000 996.33804475 B-4 0.00000000 0.00000000 4.89004353 0.00000000 996.33804531 B-5 0.00000000 0.00000000 4.89004643 0.00000000 996.33826493 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 12,715,786.61 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3,085.12 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 12,718,871.73 Withdrawals Reimbursement for Servicer Advances 1,489.71 Payment of Service Fee 123,421.10 Payment of Interest and Principal 12,593,960.92 Total Withdrawals (Pool Distribution Amount) 12,718,871.73 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 117,768.23 Credit Risk Manager Fee - The Murrayhill Company 4,710.73 Master Servicing Fee Wells Fargo 942.14 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 123,421.10

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 508,445.38 0.00 0.00 0.00 508,445.38 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 508,445.38 0.00 0.00 0.00 508,445.38 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.088002% 0.000000% 0.000000% 0.000000% 0.088002% 0.091451% 0.000000% 0.000000% 0.000000% 0.091451% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.088002% 0.000000% 0.000000% 0.000000% 0.088002% 0.091451% 0.000000% 0.000000% 0.000000% 0.091451%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 508,445.38 0.00 0.00 0.00 508,445.38 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 508,445.38 0.00 0.00 0.00 508,445.38 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.099437% 0.000000% 0.000000% 0.000000% 0.099437% 0.101145% 0.000000% 0.000000% 0.000000% 0.101145% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.099437% 0.000000% 0.000000% 0.000000% 0.099437% 0.101145% 0.000000% 0.000000% 0.000000% 0.101145% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3,085.12

Class IA1 367,670,303.00 63.64707298% 356,473,881.72 64.17584989% 35.824150% 0.000000% Class IA2 367,670,303.00 63.64707298% 356,473,881.72 64.17584989% 0.000000% 0.000000% Class IA3 292,670,303.00 50.66389095% 285,405,904.72 51.38151051% 12.794339% 0.000000% Class IA4 292,670,303.00 50.66389095% 285,405,904.72 51.38151051% 0.000000% 0.000000% Class IA5 182,400,603.00 31.57520310% 180,917,311.35 32.57047097% 18.811040% 0.000000% Class IA6 182,400,603.00 31.57520310% 180,917,311.35 32.57047097% 0.000000% 0.000000% Class IA7 83,583,603.00 14.46908177% 82,100,311.35 14.78048611% 17.789985% 0.000000% Class 2A1 42,365,803.00 7.33390577% 42,248,398.60 7.60596225% 7.174524% 0.000000% Class 2A2 42,365,803.00 7.33390577% 42,248,398.60 7.60596225% 0.000000% 0.000000% Class 2A3 32,060,803.00 5.55001656% 31,943,398.60 5.75075723% 1.855205% 0.000000% Class M 18,485,503.00 3.20000867% 18,417,810.74 3.31575108% 2.435006% 0.000000% Class B-1 11,842,303.00 2.05001034% 11,798,937.84 2.12415805% 1.191593% 0.000000% Class B-2 8,087,403.00 1.40000300% 8,057,788.12 1.45064036% 0.673518% 0.000000% Class B-3 5,776,703.00 0.99999982% 5,755,549.80 1.03616932% 0.414471% 0.000000% Class B-4 3,754,903.00 0.65000786% 3,741,153.54 0.67351837% 0.362651% 0.000000% Class B-5 0.00 0.00000000% 0.00 0.00000000% 0.673518% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.01731091% 100,000.00 0.01800296% Fraud 16,861,437.35 2.91886814% 16,861,437.35 3.03555780% Special Hazard 5,231,199.22 0.90556816% 5,231,199.22 0.94177070% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Fixed Weighted Average Gross Coupon 6.153350% Weighted Average Net Coupon 5.903350% Weighted Average Pass-Through Rate 5.883139% Weighted Average Maturity(Stepdown Calculation ) 338 Beginning Scheduled Collateral Loan Count 3,451 Number Of Loans Paid In Full 42 Ending Scheduled Collateral Loan Count 3,409 Beginning Scheduled Collateral Balance 565,287,486.70 Ending Scheduled Collateral Balance 555,464,216.40 Ending Actual Collateral Balance at 29-Apr-2005 555,977,626.86 Monthly P &I Constant 3,595,334.46 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 696,658.06 Unscheduled Principal 9,126,612.24

Group Level Collateral Statement Group GROUP 1 GROUP 2 Total Collateral Description Mixed Fixed Mixed Fixed Fixed Weighted Average Coupon Rate 6.209645 5.615939 6.153350 Weighted Average Net Rate 5.959645 5.365939 5.903350 Weighted Average Maturity 355 175 338 Beginning Loan Count 3,057 394 3,451 Loans Paid In Full 40 2 42 Ending Loan Count 3,017 392 3,409 Beginning Scheduled Balance 511,687,298.27 53,600,188.43 565,287,486.70 Ending scheduled Balance 502,311,949.44 53,152,266.96 555,464,216.40 Record Date 04/29/2005 04/29/2005 04/29/2005 Principal And Interest Constant 3,152,012.61 443,321.85 3,595,334.46 Scheduled Principal 504,182.37 192,475.69 696,658.06 Unscheduled Principal 8,871,166.46 255,445.78 9,126,612.24 Scheduled Interest 2,647,830.24 250,846.16 2,898,676.40 Servicing Fees 106,601.52 11,166.71 117,768.23 Master Servicing Fees 852.81 89.33 942.14 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 8,094.48 484.04 8,578.52 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 2,532,281.43 239,106.08 2,771,387.51 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.938662 5.353102 5.883139

Filing Compare · Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-2